Showing posts with label Labour. Show all posts
Showing posts with label Labour. Show all posts

Thursday, 17 February 2022

Boris Johnson's economy lies

Why do we hark back to distant times which have no bearing on the now? The main point is Johnson is a lying b'stard always was always will be.

We were/are told the UK is outperforming everyone in Europe, which is clearly a lie.

When comparing inflation over the last 12 months, the UK’s rate has proportionally grown more than all but Spain, Belgium and Ireland.

And if you compare the current rate with our closest neighbours, the UK’s CPI is at the upper end of the scale.

However, it is not as extreme as Spain (6.1%), the Netherlands (6.4%) or Belgium (7.59%) and only sits 0.2% above the EU average.

When you take into account the direction of travel of inflation rates, a more nuanced picture emerges. 
UK prices grew 0.1% in January 2022 compared to December 2021, which was in line with the EU average.

The real picture is we are a little above the EU average. Not doing better than all of Europe.

It matters not now, that inflation was whatever when Labour was in power when arguing this particular point.

Same as it doesn't matter that Thatcher created the biggest unemployed totals and would have been voted out if it wasn't for the Falklands. Very opportune that but another argument.

Or that they have continuously created more debt in the UK every time they are in power, in fact, creating more debt than every other government combined since 1901.

It doesn't matter that the NHS was created on Labours watch, a service so incredible and game-changing that the Tories now try to claim to be proponents of and a service that no doubt everyone on here has at some time used and saved thousands in doing so.

The fact that they increased the UK debt by over 850 billion, during the worst austerity since the war and whilst claiming the UK was bankrupt, and they were able to give away 94 billion in tax concession to big corporations, who had neither asked or expected it, should be a wake-up call for everyone who has even a modicum of intelligence.

The problem is the continuous lies more than by any other politician in UK history.

Sunday, 30 January 2022

Labour won't get into power for the next 2 or 3 General Elections.

Doesn't matter how much Labour try to slag the Government down with their little schemes, Labour won't get into power for the next 2 or 3 General Elections.


Hopefully, because by then Tories really will have no excuse for their incompetence and we can check how much bankrupt Britain (Their words not mine) owes by then.

They always seem to have something that comes along and saves them. Thatcher it was the Falklands (By design or incompetence? another argument) The Cameron, May & Johnson, run its been covid. We won't bring Brexit into it because everything was going to be so much better, so it can only be covid.

There's one gamble that did pay off.... the Vaccinations.  Although Johnson is like the gambler that plays the fruit machines puts in £900 wins £400 and claims he's won.

The rest of the gamble/incompetence has cost fortunes, the one pays for the rest, although we are not seeing any financial evidence of that yet.

Upping NI to "Fund the NHS" just means that those with money pay less, normal for the tories.
I'm all for funding the NHS but everyone should pay the same percentage and not when the Tories are spunking our money up the wall ...to coin a phrase.

And let's not forget we would not have the NHS if it wasn't for William Beveridge (Beveridge Report 1942) who was Liberal and the Labour government who put it in place although Bevin couldn't get all measures through which is why doctors surgeries are privately owned to this day amongst other things.

The NHS was put in place when the UK really was bankrupt after the war. Would the Tories have done the same?

I'm sure you have availed yourself of NHS services over the years?

What would your circumstances be had you had to rely on the insurance-based model that was in place before the war that few could afford?

Your treatments and drugs over the years would have cost hundreds of thousands of pounds and it's unlikely you would still be covered on insurance.  Unless you're lucky enough to have not needed it in which case what a relief to know that it's always there as a safety blanket for that unlucky moment.





LINKS
https://www.income-tax.co.uk

Saturday, 22 April 2017

The Conservatives increase debt more than Labour

Do the Conservatives increase debt more than Labour?

Its always drummed into us that Labour increases Debt, Labour cant be trusted with finances, Labour will Spend Spend Spend.  Well I did some calculations and came out of it a little surprised. Its not true at all and since 1900 the Conservatives have increased the UK Debt by more than Labour each time they were in power.

The figures speak for themselves and make a mockery of the Tory claim that Labour always spends more.

So if anyone wants to challenge my figures please go ahead.


Year Public Net Debt-total £ billion                                              Deficit (Billion)
1970        33.08 Heath                                                                           -3.93  (negative is a surplus)
1971        33.44                                                                                      -3.86
1972        35.84                                                                                      -2.75
1973        36.88                                                                                      -1.63
1974        40.46                                                                                      -0.88
1975        52.10                         increase of 19.02 Billion 57.4%           0.14
1976        64.70 Callaghan                                                                    0.90
1977        73.60                                                                                       0.57
1978        79.50                         Increase of 14.8 Billion 22%.8             1.18
1979        88.60 Thatcher                                                                      3.48
1980        98.20                                                                                       2.78
1981        113.80                                                                                     5.73
1982        125.20                                                                                     1.86
1983        132.50                                                                                     2.41
1984        143.60                                                                                     4.22
1985        157.00                                                                                     5.22
1986        162.50                                                                                     2.69
1987        167.80                                                                                     3.57
1988        167.40 0.20
1989        153.70                        Increase of 65.1 Billion 73.4%           -9.81
1990        151.90 Major                                                                        -9.60
1991        151.10                                                                                    -4.02
1992        165.80                                                                                     9.57
1993        201.90                                                                                     33.07
1994        249.80                                                                                     39.62
1995        290.00                                                                                     31.54
1996        322.10                        Increase of 170 Billion 111.9%           22.74
1997 347.00 Blair                                                                           20.07
1998        358.60                                                                                     2.64
1999        357.80                                                                                    -8.85
2000 345.40                                                                                    -20.15
2001        316.70                                                                                    -25.32
2002        323.10                                                                                    -12.02
2003        356.20                                                                                     11.30
2004 391.00                                                                                     14.99
2005        446.50                                                                                     17.27
2006        487.20                          Increase of 140.2 Billion 40.4%        11.85
2007        523.60 Brown                                                                          7.00
2008        557.20                                                                                      9.00
2009        767.10                          Increase of 243.5 billion 46.5%         60.05
2010        1010.60 Cameron                                                                  100.46
2011 1156.00                                                                                    90.74
2012        1251.40                                                                                    80.32
2013        1362.70                                                                                    80.97
2014        1465.60                                                                                    66.97
2015 1554.00                         Increase of 544 billion 53.8%           53.26
2016        1605.90 May                                                                           37.77
2017        1730.00                                                                                    6.42
2018        1783.50                         Increase of 177.6 billion 11%           -0.83
                                                      (Since 2010 772.9b 76.5%)


Since 1976 labour has increased the UK debt by 398 billion

Since 2010 the Tories have increase the UK debt by 669 billion upto the start of 2017

Since 1970 the Tories have increased the UK debt by 923 billion upto the start of 2017

So how are Labour the ones that cant run the finances??

Since 1900 when Labour was established to 1980 the UK debt increased by 97 billion that was both Tory and Labour govermentsSo even if you add all of the Tory and Labour debt between 1900 and 1980 the debt that labour has added comes to 495 billion.

The Tories have added 669 billion in just 7 years ..... 174 billion more than all Labour governments combined.


Update 17/05/19
I added deficit figures and Its worth noting that the Tories have decreased the deficit from 100.46 billion in 2010 to a surplus of -0.83 in 2018. However it should also be noted that whilst they may have reduced the deficit by 100 billion they have increased debt by 772.9 billion.

Update 03/01/20
Its worth noting that in 1976 the UK had to go to the IMF for a bailout.



LINKS

 
 
 
Revisions
Updated 18/02/19 ~ Added figures for 2018
Updated 17/05/19 ~ Added deficit figures
Updated 22/03/22 ~ Added inews link

Note
Needs updating as missing Harold Wilson 1974-76